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  • Premiums and Dividends - Participating Insurance
    need a surplus of 4 - 5% of liabilities to take care of defaults in a depression. Various lines have ... experience. That statement alone would not preclude direct recognition of policy loans. In regard to claim ...

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    • Authors: Harold G Ingraham, William M Snell, Richard M Stenson, Thomas C Sutton
    • Date: Jun 1980
    • Competency: External Forces & Industry Knowledge
    • Publication Name: Record of the Society of Actuaries
    • Topics: Life Insurance